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Asian countries spending more on renewable and clean power than developed ones

Asian countries are starting to take the lead in spending on renewable and cleaner fossil power projects says Daria La Valle, the programme director of Clean Power Asia, which is taking place in Bali, Indonesia in May. The annual conference and exhibition will gather some 600 leading Asian renewable and cleaner fossil power experts, utilities, energy ministries, regulators, investors and technology and service providers to discuss the latest renewable and cleaner fossil power developments in the region as well as the main challenges that utilities face to adopt greener power sources.

Future of renewable energy in developing world

“The future of renewable and clean energy is now in the developing world” says Daria La Valle, Clean Power Asia’s progamme director, “and Asian countries are overtaking developed ones in terms of spending on renewable and cleaner fossil power projects.”

She continues: “Indonesia has announced a master plan for the development of renewable energy resources and set a target for renewables to represent 25% of total energy consumption in 2025. Malaysia is hoping that the recently launched National Renewable Energy Policy Plan will help the country hit its targets and the new feed-in-tariffs that recently came into effect will certainly help achieving those targets. Thailand launched its 15-year Renewable Energy Development plan last year and aims to increase renewable energy from 6.4% to 20% in 2022.”

Indonesia the next regional powerhouse

Clean Power Asia’s Daria La Valle says Indonesia in particular has huge potential to be a leading power player in the region: “Indonesia is actually the country with the biggest potential for both renewable as well as cleaner fossil power generation in Southeast Asia. The country sits on the largest geothermal energy resources in the world and has great bioenergy, solar and hydropower potential. Combine this with extensive coal resources and a low electrification rate, and you can see the potential of Indonesia to be the powerhouse of the region.”

In addition, she notes, the fall in equipment costs and growing appetite for clean technology has resulted in increased policy support measures and increased investment in cleaner

fossil power investments. She adds: “Thailand is involved in clean coal pilot projects, Indonesia is building its first ultra supercritical coal fired power plant. TNB Malaysia has increased its operational efficiency by upgrading 6 existing plants. Successful CO2 sequestration achievements are made and much effort is being made in power plant optimisation and efficiency increase resulting in tremendous CO2 emission reduction results.”

Clean Power Asia’s conference programme will feature more than 80 experts, including: